W. R. Berkley Q4 net income rose 45% to $576 million; EPS $1.44 vs. $0.98
W. R. Berkley reported fourth-quarter 2024 net income of $576 million, up 45.0% from $397 million a year earlier, with diluted earnings per share of $1.44 versus $0.98. Operating income, which excludes after-tax investment gains and losses, rose 15.5% to a record $453 million, while the calendar-year combined ratio rose to 90.2% from 88.4%. The results were disclosed in an 8-K with a press release dated January 27, 2025.
Key points
- Q4 2024 net income was $576 million, up 45.0%; diluted EPS was $1.44 versus $0.98.
- Operating income rose 15.5% to a record $453 million; fourth-quarter return on equity was 30.9%.
- Calendar-year combined ratio was 90.2%, compared with 88.4% in the fourth quarter of 2023.
- Total capital returned to shareholders in the quarter was $287.8 million, including $190.0 million of special dividends.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 27, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.